eSun Holdings, a subsidiary of Lai Sun Development  plans to raise 1.2 billion US dollars, around 9.36 billion Hong Kong dollars, in syndicated loans to finance its Macao Studio City project.

“The total construction fee of the first phase of about 3.6 million square feet is about US$1.4 billion and is expected to be completed in the third quarter 2009,” executive director Ambrose Cheung Wing-sum was quoted saying.

The foundation construction on the Macau project will be completed by the end of the month and superstructure works will start next year.

Cheung said eSun had applied to increase the gross floor area of the project from about 3.6 million square feet to about six million square feet and that further details of the land premium would be announced in early 2008.

The project will include hotels, property and entertainment facilities, including a concert stadium, with around 200,000 square feet rented to a US partner for gaming use.

• Macau to Slow Casino Growth, Cap Number of Tables HONG KONG--The Macau government won't approve new casino projects and will allow only 500 additional gambling tables in the next three years, raising questions about operators' major expansion plans. The...
• Galaxy Making Changes To Mega Resort Design Galaxy will use its massive land on Cotai as collateral for its intended expansion project financing. They are also, "open to all financial channels" that could support the building of...
• Wynn Resorts Reports Profit Thanks to Macau VIP Business Wynn Resorts Ltd., the casino company controlled by billionaire Steve Wynn, said that it swung from a loss a year earlier to a profit of $65.5 million (€45.05 million) in...

• Three Gorges Dam [/caption] The Three Gorges Dam is a hydroelectric dam that spans the Yangtze River by the town of Sandouping, located in the Yiling District of Yichang, in Hubei province, China....
• Orlando Flooring Contractor - Creativa Construction   Creativa Construction in Orlando is one of Central Florida’s leading experts in residential and commercial flooring as well as kitchen and bathroom remodeling.  Creativa Construction has worked on projects...
• Summary Text Of Final Stimulus Appropriations Package. Interesting, to say the least. It's not the entire stimulus package, but the side from the House and Senate majority Appropriations staff: The American Recovery and Reinvestment Act provides $311...